Welcome, Guest: Join Nigeria Student Forum / Login / Trending Now / Recent

Stats: 16,610 members, 63,839 Topics, 14,492 Comments. Date: March 21, 2019, 6:33 am

The Niger State Government Has Proposed A Budget Of N159.5 Billion For The 2019 Financial Year.

Nigeria Student Forum / General Discussion / Metro News / The Niger State Government Has Proposed A Budget Of N159.5 Billion For The 2019 Financial Year. (39) Views

(Go Down)
national open university
entrepreneurship and business management
300Level, Nigeria.
The Niger State government has proposed a budget of N159.5 billion for the 2019 financial year.

The Governor, Alhaji Abubakar Sani Bello, who presented the budget to the state House of Assembly in Minna Tuesday, said N61.6 billion would be generated from the federation account, the Value Added Tax (VAT) would bring in N12.04 billion, the Internally Generated Revenue (IGR) would fetch the government about N15.2 billion, and Paris Club refund would bring in N22.27 billion.

According to Governor Bello, the state also expects to get a refund of over N3.8 billion from the National Electricity Liability Company, N300 million as dividend from North South Power Electricity Company and N4 billion from the Pension Fund Administrators.

He said the government would also generate over N50.2 billion from the capital market.

He said the recurrent expenditure was projected at N63.3 billion, while the capital estimate would gulp more than N96.2 billion, adding that the economic sector got the highest allocation of N56.02 billion.

The governor said agriculture would be given more impetus in the fiscal year with government planning to clear not less than 200 hectares of land to be allocated to able bodied youths and fresh graduates, adding that government would also open up 408 kilometres of rural roads to facilitate the movement of agricultural products from the rural areas to the urban centre.

0 Like

Don't have an account? Use the form below to signup for a Nigeria Student Forum Account

Full Name:
Username: E.g Seuncoded
Confirm Password:

I agree to the terms of service

Viewing this topic:
1 guest viewing this topic
Download the Ngstudentforum app for Android Devices

Nigeria Student Forum - Copyright © 2016 - 2019. Fadeyi Oluwaseun All rights reserved. - See How To Advertise
Disclaimer: Every Nigeria Student Forum member is solely responsible for anything that he/she posts or uploads on Nigeria Student Forum.